The crypto market is pretty scary right now, with many experts predicting a long bear market. Ethereum’s taken a huge hit, dropping over 27% in just five days. Investors are nervous, and ETH is struggling to stay above important support levels. Big Money Buys the Dip But despite all the panic, some big players are…
Citigroup, the third-largest bank in the US, made a massive payment error, accidentally adding $81 trillion to a customer’s account. A Simple Mistake, Huge Consequences The bank intended to add just $280 to a Brazilian customer’s account. However, due to a manual transaction processed through an infrequently used system (because of sanctions concerns), an employee…
Solana Futures Coming to CME Group Trading giant CME Group is launching futures contracts for Solana (SOL) on March 17th. This gives investors another way to bet on the cryptocurrency’s price. They’ll offer two contract sizes: a smaller one representing 25 SOL and a larger one representing 500 SOL. However, the launch still needs regulatory…
US banks are facing a massive increase in unrealized losses, a worrying sign for the financial sector. Billions in Losses In the last three months of 2024, unrealized losses on bank balance sheets jumped a whopping $118.4 billion, reaching a total of $482.4 billion. This is largely due to rising interest rates, which have lowered…
Economist Alex Krüger, a prominent voice in the crypto world, believes Bitcoin (BTC) might have hit its lowest point after a significant price drop. He suggests that if this is indeed the bottom, BTC could quickly climb back to the $89,000-$92,000 range. Krüger’s Prediction: A Potential Bear Trap Krüger’s analysis points to a potential “bear…
Bitcoin’s price has been on a wild ride lately. Let’s break down what’s happening. A Double Top and a Potential Crash Last week, Bitcoin took a major dive, losing over 15% and hitting lows around $80,000. This drop, combined with previous peaks around $108,000 and $109,000, forms a “double top” pattern – a classic bearish…
Bitcoin (BTC) has taken a bit of a tumble this week, testing its support levels. But some analysts think things might look brighter by the weekend. Bitcoin’s Recent Drop Bitcoin’s price has dropped significantly, falling 21% from last week’s high of $99,000. This drop took it below $80,000 for the first time since November, and…
Binance has added RedStone (RED) to its Launchpool, making it the 64th project! This means you can now get in on a multi-chain oracle solution. What is RedStone (RED)? RedStone is designed to provide reliable data feeds across different blockchains, making decentralized finance (DeFi) apps more efficient. Think of it as a super-reliable source of…
Bitcoin’s start to 2025 has been pretty underwhelming. January was mostly sideways, but February started with a bang—a bad one. The price plummeted, falling below $80,000 and marking one of its worst February performances in recent history. Why the Bitcoin Dip? Coinbase analysts David Han and David Duong point to a few key factors: Lack…
Bitcoin’s price took a major tumble recently, dropping over 15% and briefly dipping below $80,000. Let’s break down what happened and who felt the pinch. Short-Term Holders Take the Hit The recent sell-off hit short-term Bitcoin holders (those who bought recently) the hardest. Data from Glassnode shows that these investors experienced massive realized losses. The…
